Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 7.6%
  • Listing ID: 2022407
  • Posted On: Jan 24, 2023
  • Updated On: Jan 3, 2024

Description

TyBella Estates provides immediate cash flow with ample value add opportunity. Current cap rate is 7.6% and more lots to build on. 14 single wide lots with 2 additional residential lots for future building options. These 2 SFR's have town water and sewer available for hook up. 1 of the 14 lots currently is having a unit placed on it and is expected to bring $1,000 beginning in May. TyBella Estates MHP is a great investment opportunity currently having a variety of 6 Park Owned homes, 2 Rent to Own homes, and 6 Lot fee only parcels. Most recent rental of Park owned Home is unit #2 which offers 2 bed and 2 bath, at $950/month. This shows amazing opportunity for greater cash flow.

Location

TyBella Estates is located in Winston-Salem, North Carolina and is part of the busy Triad metropolis. The population of the triad is now over 1,705,315 people (2021).

Amenities

  • Storage
Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 14
Total Occupancy: 100.0 %
Average MH Lot Rent: $350
Size: 3 acre(s)

Financial Information (Actual)

Gross Income: $102,120
Operating Expense: $6,840
Net Operating Income: $95,280
Expense Ratio: 6.7 %

Lot Information

Singlewide Lots: 14

Utility Information

Water: City
Water Paid By: Park
Sewer: Septic

Other Listings by David Voigt

Similar Mobile Home Parks for Sale